Abstract
During the eighties it was generally accepted that a correct approach to econometric modelling requires time series analysis as an important step. Nelson and Plosser (1982) and Engle and Granger (1987) have shown that, in particular in what concerns macroeconomic time series, those properties have important implications for the choice of a correct econometric approach.
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Gaspar, V., Pinheiro, M. (1992). Co-Integration of Macroeconomic Time Series: an Application to the Consumption Function. In: do Amaral, J.F., Lucena, D., Mello, A.S. (eds) The Portuguese Economy Towards 1992. Springer, Boston, MA. https://doi.org/10.1007/978-1-4615-3638-3_9
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DOI: https://doi.org/10.1007/978-1-4615-3638-3_9
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